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Mergers & Acquisitions
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February 23, 2026
Kirkland, Jones Day Build $1.1B Hospice Take-Private Deal
Home health and hospice provider Enhabit Inc., advised by Jones Day, on Monday unveiled plans to go private following a sale to middle market private equity firm Kinderhook Industries LLC, led by Kirkland & Ellis LLP, in an all-cash deal valued at roughly $1.1 billion.
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February 23, 2026
Johnson Matthey Cuts Unit Sale Price To Honeywell To £1.3B
Chemicals business Johnson Matthey said Monday that it has slashed the price for selling its catalyst technologies arm to U.S. heavyweight Honeywell to £1.33 billion ($1.6 billion) from £1.8 billion because of the "reduced profitability" of the subsidiary.
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February 20, 2026
Caterpillar Unit Drops Antitrust Suit Against Wabtec
Caterpillar subsidiary Progress Rail quietly dropped its antitrust lawsuit Friday in Delaware federal court against rail giant Wabtec over its 2019 merger with General Electric's transportation unit after more than two years of legal back and forth.
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February 20, 2026
Wireless Builders Want FCC Kibosh On Dish 'Shell Games'
Dish Network has reneged on its promise to build a 5G network, and with that pledge rescinded, it has stopped paying the companies that were supposed to be doing the build out, placing all their operations at risk, those companies told the Federal Communications Commission.
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February 20, 2026
Lebanese Bank Challenges NY Jurisdiction In Terrorism Suit
A Lebanese bank is urging the U.S. Supreme Court to review the Second Circuit's finding that it is subject to the personal jurisdiction of New York courts on claims over alleged assistance to Hezbollah by a bank it acquired, a decision that it says "entrenches a deep conflict among the lower courts."
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February 20, 2026
FTC Chair Wants Merger Cases Filed Only In Fed. Court
Federal Trade Commission Chairman Andrew Ferguson said Friday that the agency should bring its merger challenges directly in federal court, rather than the agency's in-house administrative process, as it typically has done.
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February 20, 2026
3 Questions After Justices Sink Trump's Emergency Tariffs
The U.S. Supreme Court's ruling that President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act are unlawful left open questions for practitioners, including how importers may qualify and claim refunds for the illegal duties paid. Here, Law360 examines three open questions following the justices' ruling.
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February 20, 2026
Meta Judge's Antitrust Dismissal 'Usurped' Jury, 9th Circ. Told
Facebook users urged the Ninth Circuit to revive their proposed class action accusing Meta Platforms Inc. of monopolizing personal social networking markets by misrepresenting its privacy and data practices, arguing that a trial judge misapplied antitrust law and "improperly usurped the jury's role" in deciding factual disputes.
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February 20, 2026
Getty Wants 2nd Circ. To Rehear $100M Investor Dispute
Getty Images is calling for a possible full Second Circuit review of a ruling requiring it to pay nearly $100 million to investors who said they were blocked from purchasing shares in the company once it became public, arguing that the court's decision threatens to "upend securities law."
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February 20, 2026
Paramount, Netflix Differ On Significance Of HSR Milestone
Paramount Skydance Corp. said Friday it has cleared the U.S. antitrust waiting period for its proposed acquisition of Warner Bros. Discovery Inc., prompting competing suitor Netflix to challenge Paramount's characterization of the milestone.
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February 20, 2026
Middle-Market Private Data Sector Poised For M&A Growth
As demand for insight into the opaque corners of the financial world accelerates, buyers are increasingly zeroing in on middle-market private market data providers, where attorneys say consolidation is poised to intensify.
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February 20, 2026
Taxation With Representation: Freshfields, Simpson Thacher
In this week's Taxation With Representation, science and technology company Danaher Corp. acquires medical technology company Masimo Corp., Covetrus merges with a unit of fellow animal health technology company Cencora, and private equity firm Leonard Green & Partners LP buys outstanding Mister Car Wash Inc. shares not already owned by LGP affiliates.
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February 20, 2026
Kennedy Wilson Investor Sues To Block $1.65B Take-Private
A Kennedy-Wilson Holdings Inc. stockholder has sued in the Delaware Chancery Court to block the company's $1.65 billion take-private deal, arguing that the transaction violates Delaware's anti-takeover statute and cannot legally proceed without a supermajority vote of disinterested investors.
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February 20, 2026
UK Litigation Roundup: Here's What You Missed In London
The last week in London saw the founders of Getir sue investment fund Mubadala for more than $700 million tied to alleged breaches during the company's restructuring, the Welsh Rugby Union face a claim by Swansea Council over a proposed takeover of Cardiff Rugby, and Euro Car Parks target the Competition and Markets Authority after it was fined by the watchdog. Here, Law360 looks at these and other new claims in the U.K.
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February 19, 2026
5th Circ. Pauses Order Scrapping FTC Merger Filing Overhaul
The Fifth Circuit on Thursday granted the Federal Trade Commission's emergency motion to pause a Texas federal judge's ruling that threw out the agency's overhaul of premerger reporting requirements.
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February 19, 2026
'Hate' For Musk Quickly Narrows Jury Pool In Twitter Deal Trial
A California federal judge quickly narrowed a pool of 92 prospective jurors Thursday in a class action brought by former Twitter investors against Elon Musk, excusing 38 potential jurors who said they couldn't be fair and impartial as Musk's attorney lamented there are "so many people who hate him so much."
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February 19, 2026
Latham To Guide Seahawks Sale In Wake Of Super Bowl Win
BigLaw firm Latham & Watkins LLP and investment bank Allen & Co. have been tapped to oversee the sale of the Seattle Seahawks, the estate of late team owner Paul G. Allen said in a Wednesday announcement kicking off the process, less than two weeks after the team scored its second Super Bowl victory in franchise history.
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February 19, 2026
$14M Noncompete Fight Moves Forward In Chancery
The Delaware Chancery Court on Thursday largely refused to dismiss claims that Boingo Wireless Inc.'s former director John Basil Georges breached a five-year noncompete tied to the $14 million sale of his wireless infrastructure company, but she threw out a parallel nonsolicitation provision as unenforceably overbroad.
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February 19, 2026
Delta, Aeromexico Urge 11th Circ. To Void DOT Split Order
Delta Air Lines and Aeromexico urged the Eleventh Circuit to void a U.S. Department of Transportation order directing them to dismantle their joint venture, saying the agency had offered contrived reasoning and scant evidence for purported anticompetitive effects.
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February 19, 2026
Hims & Hers Buying Eucalyptus For Up To $1.15B
Wellness platform Hims & Hers Health Inc. said Thursday it has agreed to acquire Australian digital health company Eucalyptus in a deal valued at up to $1.15 billion.
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February 19, 2026
Nunes Ordered To Finish Deposition In Trump Media Suit
A Florida state judge ordered Trump Media CEO Devin Nunes to complete a deposition in the Truth Social operator's lawsuit against investors, ruling during a hearing Thursday that the former congressman must answer questions relating to the company's allegations that the process of going public was botched.
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February 19, 2026
Amazon Seller 'Expert' Sues Over Alleged Inventory Fraud
An Amazon "marketplace expert" that focuses on selling and managing the prices of branded goods on the platform sued on Wednesday 16 companies and one individual accused of supplying millions of dollars in goods that were later found to be encumbered by warehouse liens.
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February 19, 2026
Activists Elliott, Jana Make Latest Moves, And Other Rumors
The past week may have been light on mega-merger rumors, but a slate of activist investor moves showed that the ingredients for future dealmaking may be quietly coming together.
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February 19, 2026
Freshfields Advising EBay's $1.2B Depop Purchase From Etsy
Freshfields LLP is guiding eBay Inc. on its planned acquisition of Depop, a fast-growing mobile fashion resale marketplace, from Fenwick & West LLP-advised Etsy Inc. for about $1.2 billion in cash, as the online commerce giant seeks to expand its reach among younger consumers.
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February 19, 2026
UK Raises Antitrust Concerns In Getty's Shutterstock Deal
The U.K.'s antitrust authority said Thursday that it has provisionally found that Getty Images' planned $3.7 billion acquisition of Shutterstock could harm the supply of editorial images in Britain.
Expert Analysis
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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Tips From Del. Decision Nixing Major Earnout Damages Award
The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.
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CFIUS Risk Lessons From Chips Biz Divestment Order
President Donald Trump's January executive order directing HieFo to unwind its 2024 acquisition of a semiconductor business with ties to China underscores that even modestly sized transactions can attract CFIUS interest if they could affect strategic areas prioritized by the U.S. government, say attorneys at Debevoise.
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Malpractice Claim Assignability Continues To Divide Courts
Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.
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Tips For Counsel As PE Eyes Data Center Facility Services
As private equity interest in specialized commercial facility services providers heightens, considerations for counsel and private equity investors run the gamut from contract transferability to facility compliance, say attorneys at Morgan Lewis.
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Opinion
CFIUS Must Adapt To Current Foreign Investment Realities
To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.
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How Attorneys Can Navigate Shifts In Financing Landscape
Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.
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Series
Teaching Logic Makes Me A Better Lawyer
Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.
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Series
Law School's Missed Lessons: Practicing Resilience
Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.
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What An Uptick In Shareholder Activism Means For Banking
With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.
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4 Lessons From FTC's Successful Bid To Block Edwards Deal
The Federal Trade Commission's recent victory in blocking Edwards Lifesciences' acquisition of JenaValve offers key insights for deals in life sciences and beyond, including considerations around nonprice dimensions and clear skies provisions, say attorneys at Orrick.
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.
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Series
The Biz Court Digest: Dispatches From Utah's Newest Court
While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.
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Aviation Watch: Busy Skies, Tough Market For Airlines In 2026
After a turbulent year in the U.S. commercial aviation sector, demand for air travel and premium service shows no signs of slackening in 2026, with airlines facing the need to compete in a saturated market, while seeking opportunities for consolidation and pursuing other avenues to profitability, says Alan Hoffman, a retired attorney and aviation expert.
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Viewing The Merger Landscape Through An HPE-Juniper Lens
If considerations beyond antitrust law were taken into account to determine whether Section 7 of the Clayton Act was violated in the Hewlett Packard Enterprise-Juniper Networks deal, then legal practitioners advocating deal clearance may now have to argue that deals should be justified by considerations not set forth in the merger guidelines, says Matthew Cantor of Shinder Cantor.